Multiple Choice
Suppose Haiti has an absolute advantage over other countries in producing oranges,but other countries have a comparative advantage over Haiti in producing oranges.If trade in oranges is allowed,Haiti
A) will import oranges.
B) will export oranges.
C) will either export oranges or export oranges, but it is not clear from the given information.
D) would have nothing to gain either from exporting or importing oranges.
Correct Answer:
Verified
Correct Answer:
Verified
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